Legal Question in Credit and Debt Law in Illinois

Statue of Limitations

For seven years I have been trying to collect on a judgment against an individual who was paid money to build my husband and me a home; but the job was never completed. What is the statute of limitations on collecting this money? Do most collections lawyers, in their attempt to collect, prefer to ask for a percentage of the recovered amount OR does a lawyer prefer to charge an hourly rate for his/her work? Thank you for your time.


Asked on 7/05/05, 5:28 pm

1 Answer from Attorneys
Kevin Plachta The Law Office of Kevin F. Plachta

Re: Statue of Limitations

In most cases an attorney or collection agency will charge a percentage of what is collected. If your judgment is over seven years old then you are going to have to file a petition with the court to renew the judgment in order to continue to collect on it.

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Answered on 7/07/05, 6:53 pm


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